Tidewater (STU:TD9) Debt-to-Equity : 0.68 (As of Mar. 2024)

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What is Tidewater Debt-to-Equity?

Tidewater's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €95 Mil. Tidewater's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €571 Mil. Tidewater's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €972 Mil. Tidewater's debt to equity for the quarter that ended in Mar. 2024 was 0.68.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Tidewater's Debt-to-Equity or its related term are showing as below:

STU:TD9' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.39 Max: 1.24
Current: 0.68

During the past 13 years, the highest Debt-to-Equity Ratio of Tidewater was 1.24. The lowest was 0.08. And the median was 0.39.

STU:TD9's Debt-to-Equity is ranked worse than
63.11% of 835 companies
in the Oil & Gas industry
Industry Median: 0.45 vs STU:TD9: 0.68

Tidewater Debt-to-Equity Historical Data

The historical data trend for Tidewater's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Tidewater Debt-to-Equity Chart

Tidewater Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.29

0.23

0.24

0.20

0.71

Tidewater Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.19	0.20	0.72	0.71	0.68

Competitive Comparison of Tidewater's Debt-to-Equity

For the Oil & Gas Equipment & Services subindustry, Tidewater's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tidewater's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Tidewater's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tidewater's Debt-to-Equity falls into.

Tidewater Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tidewater's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(94.522	+	578.958)	/	952.982
	=	0.71

Tidewater's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(94.768	+	570.703)	/	972.418
	=	0.68

Tidewater (STU:TD9) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Tidewater Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Tidewater's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Tidewater (STU:TD9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tidewater Inc (STU:TD9) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TDW:USA TD9:Germany

Address

842 West Sam Houston Parkway North, Suite 400, Houston, TX, USA, 77024

Website

https://www.tdw.com

Tidewater Inc provides offshore service vessels and marine support services to the global offshore energy industry through the operation of a diversified fleet of marine service vessels. The company's vessels and associated vessel services provide support for all phases of offshore exploration, field development, and production. These services include towing of, and anchor handling for, mobile offshore drilling units; transporting supplies and remotely operated vehicle operations and a variety of specialized services. The company operates in the following principal geographical areas the Americas, Asia Pacific, Middle East, Europe/Mediterranean, and West Africa. The majority of its revenue is derived from West Africa.

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